SET-listed TPI Polene Power Plc (TPIPP), Thailand's largest waste-to-energy power plant developer and operator by capacity, is allocating capital spending worth almost 10 billion baht between the second half of this year and 2023 to develop two new facilities and use more refuse-derived fuel to replace coal, which is still used at some of its power plants.
The company will spend 4.8 billion baht of the budget to phase out coal usage and the remainder, which is set to be allocated next year, will be used to support new waste-to-energy power plant projects.
The shift toward refuse-derived fuel, also known as RDF, will prepare TPIPP for a carbon credit trade scheme, which is currently being revised by the authorities and the Federation of Thai Industries, said Worawit Lerdbussarakam, vice-president of TPIPP.
